Some loan types, like the FHA and VA mortgage programs, require a home inspection to make sure the home meets requirements for safety and affordability.
But even if your lender doesn’t require an inspection, you should get one yourself. After going under contract to buy a home, you or your Realtor should hire an independent inspector. The inspector could find structural or systemic problems you’d want to know about before buying the home.
Even if everything checks out, the inspector’s report would let you know how many repairs to expect in the first few years of homeownership. For example, if the home inspection reveals a lack of insulation or an outdated HVAC system, you’ll know to save money for these repairs.
The information contained on this website is for informational purposes only and is not an advertisement for products . The views and opinions expressed herein are those of the author and do not reflect the policy or position of Brokerage. Source: The Mortgage Reports